ACC 537 Week 6 CA22 4 Analysis of Various Accounting Changes and Errors ( Solution and Presentation )
Contribution ( funding ) to the plan 240,000 benefits paid 200,000 actual return on plan assets 252,000 expected rate of return on assets 6 % Year 2015 Service cost 180,000 prior service cost amortization 90,000 contributions ( funding ) ti the plan 285,000 benefits paid 280,000 actual return on plan assets 260,000 expected rate of return on assets 8 % A . prepare a pension worksheet for the pension plan for 2014 and 2015 B . for 2015 prepare the journal entry to record pension related amounts .
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ACC 537 Week 6 CA22 4 Analysis of Various Accounting Changes and Errors ( Solution and Presentation )
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CA22-4 ( Analysis of Various Accounting Changes and Errors ) Katherine Irving , controller of Lotan Corp ., is aware of a pronouncement on accounting changes . After reading the pronouncement , she is confused about what action should be taken on the following items related to Lotan Corp . for the year 2014 .
1 . In 2014 , Lotan decided to change its policy on accounting for certain marketing costs . Previously , the company had chosen to defer